July vehicle orders drop, but remain on track

Aug. 4, 2011
While net orders for commercial vehicles in July appear to have dropped, concern that the economy is beginning to take a toll on orders is likely unfounded, according to ACT Research

While net orders for commercial vehicles in July appear to have dropped, concern that the economy is beginning to take a toll on orders is likely unfounded, according to ACT Research.

“It is easy to attribute July’s order decline to the pull-back in the rate of economic activity. However, July is historically the weakest order month of the year, so the drop in Class 8 net orders below 20,000 units in July was expected,” said Kenny Vieth, president and senior analyst. “When seasonally adjusted, July’s Class 8 orders are in line with recent activity.”

According to ACT, preliminary numbers indicate there were 18,800 Class 8 units ordered in July and 11,800 Class 5-7 orders. Final numbers will be released in mid-August. June net orders topped 21,000 in Class 8 and 14,600 for Class 5-7.

July numbers remain ahead of year-ago levels, ACT said. Vieth also noted that August is traditionally the second weakest month for Class 8 orders.

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